KUALA LUMPUR: Agriculture-based Rabobank expects it to be a fairly neutral year for crude palm oil (CPO), with prices expected to be higher in the fourth quarter at an average of RM2,500 per tonne compared to the third quarter's RM2,400.
Rabobank's head of food and agribusiness, research and advisory, Pawan Kumar said on Tuesday palm oil stocks were at moderate levels compared to other vegetable oils but faces pressure from subdued demand.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
